Public Expenditures in Communist and Capitalist Nations.

Peacock, Alan; Pryor, Frederic L.

doi:10.2307/2230138

Cited by 51 publications

(45 citation statements)

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“…Several seminal studies have noted the emergence of social security in the rebuilding of Europe after the Second World War (Heclo, 1974;Kerr et al, 1960;Myles & Quadagno, 2002;Pryor, 1968;Rimlinger, 1971;Wilensky & Lebeaux, 1958;William, 1957). The bulk of contemporary research focuses on social security development in the 1970s, with industrialism used to illustrate the development of social security in affluent democracies.…”

Section: The Convergence Schoolmentioning

confidence: 99%

Understanding Social Security Development: Lessons From the Chinese Case

Huang

Cai

2021

Sage Open

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Understanding the development of social security systems constitutes the ultimate goal of social security research. This review traces and compares two schools of thought regarding social security development: the convergence and divergence schools. Using a thematic approach, this article first categorizes extant studies into one of these two schools and then identifies the broadly accepted mechanism of social security development by comparing them. After reviewing the extant research and its theoretical underpinnings, this article applies Mill’s methods of agreement and difference to show how the Chinese case contributes to and challenges our understanding of social security development. By discussing the assumptions of current research on social security development in light of the Chinese case, this article illuminates how political legitimacy serves as a common mechanism of social security development regardless of political context or structure.

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Section: The Convergence Schoolmentioning

confidence: 99%

Understanding Social Security Development: Lessons From the Chinese Case

Huang

Cai

2021

Sage Open

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“…Government consumption spending is used in place of long-term government spending relationship, which is needed to examine Wagner's law because the data is not available for Pakistan. As a result, Pryor (1968) is the most signi cant kind examined in this study since it was the rst to include consumption expenditures by the government. In addition, the studies of Gupta (1967), Goffman (1968), Musgrave (1969), and Mann (1980) were examined, utilizing government consumer expenditures as a stand-in for government expenditure.…”

Section: Model Speci Cationmentioning

confidence: 99%

“…The current study intuitively investigated Wagner's and Keynesian law's applicability to Pakistan from 1970 to 2021. Six versions of Wagner's law likewise Peacock-Wiseman (1961), Pryor (1968), Musgrave (1969), Goffman (1968, Gupta-Michas (1967), andMann (1980) have been tested. The empirical results of the OLS model endorsed that Wagner's Law is applicable to its variants like Peacock-Wiseman (1961), Pryor (1968, Goffman (1968), Gupta-Michas (1967), whereas Musgrave (1969), andMann (1980) are inapplicable for Pakistan.…”

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confidence: 99%

“…Six versions of Wagner's law likewise Peacock-Wiseman (1961), Pryor (1968), Musgrave (1969), Goffman (1968, Gupta-Michas (1967), andMann (1980) have been tested. The empirical results of the OLS model endorsed that Wagner's Law is applicable to its variants like Peacock-Wiseman (1961), Pryor (1968, Goffman (1968), Gupta-Michas (1967), whereas Musgrave (1969), andMann (1980) are inapplicable for Pakistan. To investigate the long-run cointegration of each Wagner version, the Johansen and Juselius (1990) cointegration test has been used.…”

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confidence: 99%

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Wagner VS Keynes: A cointegration analysis of Pakistan

Mushtaq

Hafeez²,

Ahmad

2023

Preprint

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The real GDP and government consumption expenditures have been a popular discussion by several macroeconomists. Most of them were Wagner, Keynes, and others. The current study intuitively investigated Wagner's and Keynesian law's applicability to Pakistan from 1970 to 2021. Six versions of Wagner's law likewise Peacock-Wiseman (1961), Pryor (1968), Musgrave (1969), Goffman (1968), Gupta-Michas (1967), and Mann (1980) have been tested. The empirical results of the OLS model endorsed that Wagner’s Law is applicable to its variants like Peacock-Wiseman (1961), Pryor (1968), Goffman (1968), Gupta-Michas (1967), whereas Musgrave (1969), and Mann (1980) are inapplicable for Pakistan. To investigate the long-run cointegration of each Wagner version, the Johansen and Juselius (1990) cointegration test has been used. For all formulations of Wagner's law, cointegration does not exist. The Granger causality result revealed that only three versions have bi-direction causality and favored the Keynesian rule. The results differ from Wager’s rule. The study conveys the message to the policymaker that formed a set of comprehensive policies for the increase in general government final consumption expenditure toward an increase in national income. Developing countries should follow the Keynes law. JEL Code: C10, H50, O10, O54

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“…Gupta (1967) las expresa en términos per cápita; Musgrave (1969) usa el gasto público en términos relativos al pib. Pryor (1969) regresa a un planteamiento cercano al de Peacock y Wiseman, representando al gasto público sólo con el gasto de consumo. En todos los casos, excepto Musgrave, se establece necesariamente que el coeficiente de la relación entre las variables es mayor que 1.…”

Section: Estudios Empíricosunclassified

Gasto Público Y Crecimiento en América Latina: La Ley De Wagner Y La Hipótesis De Keynes

Cedillo

Herrera

2021

Investigación Económica

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Se analiza la relación del crecimiento económico con el gasto público de 16 países latinoamericanos de 1990 a 2017. Este trabajo contribuye a la literatura sobre el tema enfocándose en la región. Los resultados de un modelo para paneles cointegrados respaldan la ley de Wagner en el largo plazo y brindan evidencia parcial a favor de las hipótesis de Keynes en el corto plazo. PUBLIC SPENDING AND GROWTH IN LATIN AMERICA:WAGNER´S LAW AND KEYNES’S HYPOTHESISABSTRACTThe relationship between economic growth and public spending in 16 Latin American countries from 1990 to 2017 is analyzed. This paper contributes to the literature on the subject focusing on the region. The results from a model of cointegrated panels support Wagner’s Law in the long term and provides partial evidence in favor of the Keynesian hypotheses in the short term.

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Public Expenditures in Communist and Capitalist Nations.

Cited by 51 publications

References 0 publications

Understanding Social Security Development: Lessons From the Chinese Case

Understanding Social Security Development: Lessons From the Chinese Case

Wagner VS Keynes: A cointegration analysis of Pakistan

Gasto Público Y Crecimiento en América Latina: La Ley De Wagner Y La Hipótesis De Keynes

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